Analysts at UBS Global Wealth Management said in a report that the US dollar appears to be Oversold and will face a period of consolidation in the near future. The Federal Reserve Chairman Jerome Powell is unlikely to be forced to resign, and while other Central Banks are easing (policies), the Fed sounds cautious on the issue of interest rate cuts. However, analysts indicate that in the medium term, the trend of a weaker dollar may resume. The slowdown in the US economy may be greater than in other regions, and the rising fiscal deficit will become a bigger focus, with the Fed possibly resuming interest rate cuts later this year. UBS tends to take advantage of the recent strengthening of the dollar to reduce dollar allocations and instead choose currencies such as yen, euro, pound, and Australian dollar. (Jin10 )